With one purchase, Apple could have over 60 million paying customers in its wheelhouse. New Opportunity: Plot your course to a 7-figure weed windfall with the top pot stocks from every ecosystem -growers, edibles, dispensaries, and more. That is half of Spotify's paying customer totals. However, other companies could be willing to pay that price.Īpple Inc.'s (Nasdaq: AAPL) Apple Music service, which launched in June 2015, has over 20 million paying music subscribers. But the streaming music site reportedly wanted over $10 billion, and the deal never happened. (Nasdaq: GOOGL) planned to acquire Spotify for $4 billion to $5 billion, according to The Wall Street Journal. So instead of building a base of its own from scratch, a larger company could simply acquire Spotify.Īnd that appeared to be Google's plan in 2013. But it took Spotify roughly eight years to build its 40 billion paid user base. Spotify has the most paid subscribers of any music-streaming platform. Right now, some investors are considering investing in Spotify because the company could be a takeover target.īefore we evaluate Spotify stock and the Spotify IPO, here's a look at who might try to acquire Spotify ahead of an initial public offering. That's why investors are asking us, " Should I buy Spotify stock?" Over 40 million subscribers worldwide pay to stream songs by top artists like Drake, Justin Bieber, Kanye West, and Adele.Īnd in order to grow its subscription business, Spotify could go public in the second half of 2017, according to Business Insider. Spotify is the most popular streaming music service in the world. Save my name, email, and website in this browser for the next time I comment. Sign me up for the Money Morning newsletter
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